<ul data-eligibleForWebStory="false"><li>Honda has cancelled a three-row electric SUV planned for the North American market, redirecting R&D funds to hybrid powertrains.</li><li>The decision is part of Honda's move to scale back development of pure electric vehicles, reducing R&D budget from 10 trillion yen to 7 trillion yen by 2030.</li><li>The shift follows a trend among automakers like Ford and Toyota who have also adjusted their EV plans due to slower demand and changing incentives.</li><li>Despite the cancellation, Honda still has multiple EV models in development and is focusing on introducing 13 new hybrid models, aiming for 2.2 million hybrid sales by 2030.</li></ul>

Honda cancels 3-row EV SUV as part of R&D budget cuts – money to go to hybrid powertrains instead

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